A corporation prepared its statement of cash flows for the year. The following information is taken from that statement: Net cash provided by operating activities $ 14,500 Net cash provided by investing activities 4,200 Net cash flow used in financing activities (12,400) Cash balance, end of year 9,100 What is the cash balance at the beginning of the year?
A corporation prepared its statement of cash flows for the year. The following information is taken from that statement: Net cash provided by operating activities $ 14,500 Net cash provided by investing activities 4,200 Net cash flow used in financing activities (12,400) Cash balance, end of year 9,100 What is the cash balance at the beginning of the year?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 7MC
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Question
A corporation prepared its statement of
Net cash provided by operating activities |
$ 14,500 |
Net cash provided by investing activities |
4,200 |
Net cash flow used in financing activities |
(12,400) |
Cash balance, end of year |
9,100 |
What is the cash balance at the beginning of the year?
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